Regional Geology

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Montviel is located in the eastern part of the Superior geological province, at the junction between the Opatica and Abitibi sub-provinces. The Montviel alkaline intrusion, dated at 1,894 Ma, is enclosed in the Nomanstonalite, dated at 2,708.9 Ma.

It is mainly composed of a carbonatite intrusion measuring approximately 10 x 3 km for a total of 32 square km. The ferrocarbonatite Core Zone,where the highest REE and Niobium values have been found to date, covers an area of approximate 3 square km. To date, GéoMégA has defined the REE/Niobium mineralized ferrocarbonatite over a length of 900 meters (NE-SW), a width of 650 meters (NW-SE) and vertically up to 750 meters in depth.

Core Zone Geology

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Heavy Rare Earth Zone[ct_spacer height=”8″]

Located on the southern margin of the Core Zone, the heavy REE zone (“HREE-S Zone”) was intersected by five (5) drill holes over a length of 350 m (East-West), 20 m wide (North-South) and 230 m vertically. The zone remains open at depth.
The heavy REE enriched minerals are fluorocarbonates similar to those found in the Core Zone. The 3D modeling and the mineralogical and geochemical characterization, realized in collaboration with the “Université du Québec à Montréal”, resulted in a geological interpretation of the HREE-S Zone.

In addition, this work identified a new heavy REE zone, located on the North-western margin of the Core Zone.

“The width of the HREE-S Zone, and the preliminary interpretation of a 2nd zone, confirm the excellent potential of the Montviel carbonatite to contain heavy REE enrichment.” comments Alain Cayer, Vice-President Exploration of GéoMégA.

Drill holes MVL-13-80 and MVL-13-82 completed Phase 3 and defined the east and west extremities of the HREE-S Zone.

3D Modeling

This preliminary 3D modelling helps spatially visualize Montviel deposit and the proposed access ramp.
This model and any associated infrastructure in it is subject to change in the future without any prior notice.

[/ct_tab][ct_tab title=”Resource Estimate”]Total Mineral Resources

NSR Value(CAD$/tonne)

Category

MillionTonnes

TREOGrade (%)

Pr2O3

Nd2O3

Eu2O3

Nb2O5

Grade (ppm)

Contained (M kg)

Grade (ppm)

Contained (M kg)

Grade(ppm)

Contained (M kg)

Grade (ppm)

Contained (M kg)

335

Indicated

82.4

1.51

766

63.2

2,452

202.0

52

4.3

1,715

141.3

312

Inferred

184.2

1.43

746

137.4

2,433

448.3

47

8.7

1,315

242.3

Dysprosium Zone (included in Total mineral resources above)

NSR Value(CAD$/tonne)

Category

MillionTonnes

TREOGrade (%)

Pr2O3

Nd2O3

Tb2O3

Dy2O3

Grade (ppm)

Contained (M kg)

Grade (ppm)

Contained (M kg)

Grade(ppm)

Contained (M kg)

Grade (ppm)

Contained (M kg)

234

Indicated

0.37

0.84

421

0.2

1,628

0.6

26

0.01

109

0.04

241

Inferred

2.58

0.94

459

1.2

1,693

4.4

23

0.06

94

0.24

1. Mineral resources are estimated and reported in compliance with NI 43-101. Mineral resources are not mineral reserves and do not have demonstrated economic viability.

2. Mineral resources are estimated and reported in compliance with NI 43-101.

3. Mineral resources are estimated at an NSR cut-off value of CA$180 per tonne.

4. Discounted metal price assumptions for REO of: US$4.70/kg for La2O3, US$2.90/kg for Ce2O3, US$64.50/kg for Pr2O3, US$57.30/kg for Nd2O3, US$5.80/kg for Sm2O3, US$501.20/kg for Eu2O3, US$10.80/kg for Gd2O3, US$572.80/kg for Tb2O3, US$304.30/kg for Dy2O3 and US$7.20/kg for Y2O3.

5. Metal recovery assumptions: 90.8% for La2O3, 87.9% for Ce2O3, 90.3% for Pr2O3, 90.7% for Nd2O3, 86.4% for Sm2O3, 85.6% for Eu2O3, 79.3% for Gd2O3, 75% for Tb2O3, 61.7% for Dy2O3 and 49.1% for Y2O3.

6. Metal price and recovery assumptions of US$45/kg and 65.5% respectively for Nb2O5.

7. Mineral resources are not mineral reserves and do not have demonstrated economic viability.

[/ct_tab][ct_tab title=”Reports & Studies”]
An initial resource estimate was completed on September 20, 2011 by SGS Géostat from Blainville, Quebec. The initial resource estimate encompasses the mineralization identified in the ferrocarbonatite Core Zone covering approximately 750 meters by 400 meters and a vertical depth of 450 meters. The resource estimate is based on 19 of the 20 diamond drill holes (8,856m) drilled between December 2010 and May 2011.

[/ct_tab][ct_tab title=”Environmental Studies”]
The primary objective of the baseline environmental study (“BES”) conducted by Geodefor was to collect a sufficient amount of environmental data based on existing information and field surveys to refine the technical description of the project and integrate it into a future environmental and social impact study (“ESIS”), which is required under the Environment Quality Act (R.S.Q., c. Q-2). This study defined the reference state of the receiving environment prior to establishment of the Project. In general, no major constraints to the installation of mining infrastructures were identified in the baseline environmental study conducted by Geodefor.